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المشهد العربي
Bank of England governor warns on rising energy costs
The Governor of the Bank of England, Andrew Bailey, warned of the continued rise in energy prices due to the escalation of military conflicts in the Middle East, indicating that oil prices could exceed one hundred dollars per barrel because of repeated attacks on pipelines and shipping vessels that disrupt transportation operations. The refining margins have also increased as a result of the US-Iran rivalry and the Russian-Ukrainian war. He emphasized that the bank's policies will remain data-dependent, with no secret plans to unjustified interest rate hikes.
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